Investment29 Aug 2025, 02:31 pm
Man Infraconstruction Ltd Subsidiary Acquires 15.385% Stake in 1250 JV LP
AI Summary
Man Infraconstruction Ltd has announced that Admire 1250 LLC, an associate of MICL Global, INC, a wholly owned subsidiary of the Company, has acquired a 15.385% ownership interest in 1250 JV LP. The JV Entity is at the initial stage of commencement of business operations and is involved in Real Estate Development. The acquisition was made with a US $ 10 million cash consideration. 1250 JV LP was registered in Delaware, USA, in May 2024, to carry on the Business of Real Estate Development and other lawful activities.
Key Highlights
- Man Infraconstruction Ltd's subsidiary acquires 15.385% stake in 1250 JV LP
- 1250 JV LP is involved in Real Estate Development
- Acquisition made with a US $ 10 million cash consideration
- 1250 JV LP registered in Delaware, USA, in May 2024
- No promoter or promoter group interest in the acquired entity